USDCAD (4HOUR) DAILY BREAK OF CRITICAL POINT

Increased downward momentum following break of up trend,

confirmed with a divergence of stochastics,

as well as what likes like a progressive downward spiral confirmed with MA's.

Following a bounce of critical monthly level.

Short stops in place with a reward/ risk 4:1.

Expecting large movements for the coming week.

Comment:

Target 2 reached, looking for further movements to target 3.

Comment:

We can see how this pair is moving.

Bounce off critical level as well as retesting trend line. Continuation to the downside expected.